International Trade: Treasury List of Iranian Government-Owned or Controlled Businesses

On August 4, the U.S. Department of the Treasury, pursuant to the Iranian Transactions Regulations, issued a press release listing 21 entities in Iran's banking, insurance and investment, mining, and engineering industries that were determined to be owned or controlled by the Government of Iran. As guidance by Treasury's Office of Foreign Assets Control make clear, the Iranian Transactions Regulations prohibit transactions between U.S. persons and the Government of Iran, as well as facilitation by U.S. persons of such transactions.